Real Estate Industry
4 Trillion
Dollar
Industry
Real Estate and Outsourcing - Your Business Efficiency Solution
4 Trillion Dollar Industry
Your Partner in Real Estate Excellence
The size of the worldwide real estate market reached approximately USD 3.69 trillion in 2021, and it is projected to experience a steady growth rate of 5.2% annually from 2022 to 2030. The market is anticipated to expand significantly in the coming years due to factors such as population growth and increased demand for residential properties. In terms of driving industry growth, the commercial real estate sector was identified as the primary contributing factor as of 2021.
In the field of property management, a diverse range of daily tasks must be accomplished. These tasks can be further categorized into sub-tasks, classified as either ‘dollar productive’ or ‘non-dollar productive’. Opting to outsource non-dollar productive tasks can effectively alleviate the workload of your internal team and yield cost savings as a result.
4 Trillion Dollar Industry
Your Partner in Real Estate Excellence
The size of the worldwide real estate market reached approximately USD 3.69 trillion in 2021, and it is projected to experience a steady growth rate of 5.2% annually from 2022 to 2030. The market is anticipated to expand significantly in the coming years due to factors such as population growth and increased demand for residential properties. In terms of driving industry growth, the commercial real estate sector was identified as the primary contributing factor as of 2021.
In the field of property management, a diverse range of daily tasks must be accomplished. These tasks can be further categorized into sub-tasks, classified as either ‘dollar productive’ or ‘non-dollar productive’. Opting to outsource non-dollar productive tasks can effectively alleviate the workload of your internal team and yield cost savings as a result.
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Take a look our Real Estate business process
service
Real Estate Support Tailored to Your Success
New Property Acquisitions
Processing New Tenants
Tenancy Renewals
Facilitating Early Terminations
Managing Rental Payments
Handling Vacating Tenants
Managing Invoices
Handling Insurance claims
Overseeing Management Terminations
Coordinating with Contractors and Service partners
Conducting Property Inspections
BPO - A Competitive Advantage Factor
There is still a reluctance among some decision-makers in the real estate industry to embrace outsourcing. This resistance often stems from misconceptions about the purpose and timing of engaging in outsourcing practices.
Some executives view outsourcing as a cost-cutting measure that compromises quality, associating it with businesses lacking adequate financial resources. However, the rise of outsourcing is driven by the critical need to reduce distractions and allow internal staff to focus on enhancing competitive advantages in the market.
In the early years, the cost benefits of offshore outsourcing were significant. However, costs have significantly increased over time, leveling the playing field with technology advancements and online platforms that enable offshore freelancers and teams to narrow the pricing gap with their U.S.-based counterparts. Many companies now find that the return on investment from offshore firms has diminished, particularly when considering differences in quality and management challenges.
Creating Tomorrow's Solutions Today
BPO - A Competitive Advantage Factor
It is crucial to be discerning when selecting outsourcing partners. Avoid outsourcing real estate work to companies that act merely as intermediaries between your business and the actual talent or project team. Such firms add minimal value when they themselves outsource what they claim as their core competencies. Exercise caution when dealing with consultancies that heavily rely on contractors for their deliverables.
Many in the corporate real estate world have found that the most effective approach is not limited to outsourcing individual tasks but also involves offloading non-core functions. Processes such as analytical modeling, audits, lease abstracts, underwriting, due diligence, debt and equity analysis, asset and portfolio management, and more are prime areas for capitalization. This strategy enables companies to maintain a streamlined core team focused on creating, sustaining, and expanding their strongest growth engine—the competitive advantage they hold in the marketplace.
Creating Tomorrow's Solutions Today
BPO - A Competitive Advantage Factor
It is crucial to be discerning when selecting outsourcing partners. Avoid outsourcing real estate work to companies that act merely as intermediaries between your business and the actual talent or project team. Such firms add minimal value when they themselves outsource what they claim as their core competencies. Exercise caution when dealing with consultancies that heavily rely on contractors for their deliverables.
Many in the corporate real estate world have found that the most effective approach is not limited to outsourcing individual tasks but also involves offloading non-core functions. Processes such as analytical modeling, audits, lease abstracts, underwriting, due diligence, debt and equity analysis, asset and portfolio management, and more are prime areas for capitalization. This strategy enables companies to maintain a streamlined core team focused on creating, sustaining, and expanding their strongest growth engine—the competitive advantage they hold in the marketplace.
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In conclusion
Outsourcing these administrative functions within the real estate industry can significantly enhance operational efficiency and allow businesses to focus on core competencies.
In the early years, the cost benefits of offshore outsourcing were significant. However, costs have significantly increased over time, leveling the playing field with technology advancements and online platforms that enable offshore freelancers and teams to narrow the pricing gap with their U.S.-based counterparts. Many companies now find that the return on investment from offshore firms has diminished, particularly when considering differences in quality and management challenges.
